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Live Let Thrive Podcast
Live Let Thrive
No Waivers, No IDs, No Phone Numbers — Hosts Running 100+ Airbnbs React to Nov 20
NOV 4, 202679 MIN
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Description
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JT Nicasio's company owns and manages more than 100 Airbnbs across 20 markets, charging $1,000 to $5,000 a night at 80 to 90% booked, and he isn't worried about guests skipping the dishes. He's worried about the hot tubs, saunas and kayaks. When a guest slipped by the pool at a home his team manages and sued, the signed amenity waiver and the camera footage are what ended it. The way JT reads Airbnb's new rules for bookings made on or after November 20, those waivers are gone, and he calls it a lawsuit and insurance nightmare. His plan: lean on the HOA and city rules Airbnb has to honor.
Episode 357! This one's different: Julie George, the Million Dollar Host, pulled Myka and Stevie Stacks into her mastermind of 140 property managers from around the world, and we're airing the whole call. Steve explains how his PadSplits turn a $1,900 long-term rent into more than $4,000 a month, Ashley Lang runs 56 midterm units at 97% occupancy, and Julie's line for the room is "door count is vanity, profit is sanity." Then the new Airbnb rules: Holly Westaway on dishes and trash bins at homes that sleep 16 to 20, why the phone-number and email ban reads like a shot at direct booking, workarounds through building, HOA and city rules, and Tracey Northcott's Booking.com setup: 50% up front, zero chargebacks. Myka and Steve close with their own take, from why hotels don't get party bookings (your card is on file) to whether Airbnb's cleaning fees are next.
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140+ short-term rental operators and property managers, three live calls a week. Use code MYKA for 10% off your first payment (affiliate link): https://www.milliondollarhost.com.au/a/2147592144/F2H87XVf
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If you’re ready to level up and take action, this may be the room for you.
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MENTIONED IN THIS EPISODE
Books
• Million Dollar Host — Julie George
• The Pumpkin Plan — Mike Michalowicz (Myka's "pumpkin plan it")
People
• Julie George, Million Dollar Host — her mastermind meets three times a week; thank you for letting us air it
• On the call: JT Nicasio (Host Haven), Holly Westaway, Tracey Northcott, Ashley Lang
• Steve Schwab, Casago · Mark Simpson, Boostly · Arthur Colker, StayFi (we want him on the show)
Tools & programs: Airbnb's new house rules policy (for bookings made on or after Nov 20 — read the full policy on Airbnb), PadSplit, Furnished Finder, Booking.com, Vrbo, StayFi, Autohost, Truvi, Claude
CHAPTERS
0:00 Cold Open
0:47 Why This Episode Is Different: Julie George's Mastermind
1:53 Steve on STR, Corporate Rentals and PadSplit
2:13 What PadSplit Is, for a Global Audience
3:42 Share Houses in Japan
5:09 PadSplit Where You Can't Airbnb: $1,900 Rent vs $4,000+
6:33 Co-Living for Professionals
7:58 A 12-Bedroom PadSplit Turned Midterm Rental
9:31 56 Midterm Units at 97% Occupancy
10:47 100+ Airbnbs and Insurance Stays After the LA Fires
12:23 Myka's Short-Term/Midterm Split
13:03 17 Units to 8: Door Count Is Vanity, Profit Is Sanity
14:27 Airbnb's Nov 20 Rules: No More Guest Chores
15:35 Dishes for 20 Guests
17:54 Trash Rules in Japan and Hosts Under Fire Online
19:31 Missed Bin Days and Rewarding Guests
20:47 "Don't Be a Slob" Got Approved
21:33 No Waivers: A Lawsuit and Insurance Nightmare
25:10 Midterm Trash and Making It a City Issue
26:45 The 28-Day Exemption and Insurance Bookings
29:32 Building Agreements as a Workaround
30:41 HOA and City Rules Airbnb Has to Follow
32:43 Will These Rules Attract the Wrong Guests?
34:35 ID Checks: Meet-and-Greets and FaceTime
36:19 What Happens to StayFi, Autohost and Truvi?
37:27 Why Hosts Aren't United
39:06 Vrbo Still Lets You Check IDs
39:53 Did Vrbo's Commercials Force Airbnb's Hand?
41:55 Why Hosts Split When Cities Crack Down
43:27 Bad Hosts and Bad Management
44:48 No Phone Numbers or Emails: A Shot at Direct Booking
46:07 Do Owners Even Know Yet?
46:59 API-Connected Listings Get More Time
48:56 Booking.com Is Stepping Up
51:06 How to Avoid Booking.com Scams
51:49 50% Up Front, Zero Chargebacks
57:07 Let Booking.com Collect, and a 4-Hour Cancel Window
1:00:20 Julie's Mastermind Calls
1:02:43 Myka & Steve's Take
1:03:07 What Kind of Hosts Will Airbnb Attract?
1:04:09 Day Guests, Parties and One-Strike Rules
1:04:59 Pool Waivers and Your Own Insurance
1:06:00 Is Airbnb Pulling Everything In-House?
1:07:03 Using Building, HOA and City Rules
1:08:02 Having Claude Pull Every City's Rules
1:10:19 Airbnb Wants to Be a Hotel: Are Cleaning Fees Next?
1:11:39 Why Hotels Don't Get Party Bookings
1:13:05 Vrbo vs Airbnb: Pricing and Guests
1:15:41 Hidden Phone Numbers and the Zillow Workaround
1:16:42 The Hotel That Locks Up Its Remotes
1:17:20 Closing Thoughts
Become a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe
Julie George's Million Dollar Host
STR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment.
Springboard to Wealth
Real estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.
Julie George's Million Dollar Host
STR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment.
Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.
Support the show
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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